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2025-10-262026-04-19
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25 items- PRNortheast Bank Announces Dates for Fiscal 2026 Third Quarter Earnings Results and Conference CallPORTLAND, Maine, April 21, 2026 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based bank, announced today it will release its fiscal 2026 third quarter earnings results on Monday, April 27, 2026. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Tuesday, April 28, 2026. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, Santino Delmolino, Chief Financial Officer, and Pat Dignan, Chief Operating Officer and Chief Credit Officer. To access the conference call by phone, please go to this link (Phone Registration) you will be provided with dial in details. The call will be a
- ANALYSTPiper Sandler resumed coverage on Northeast Bancorp with a new price targetPiper Sandler resumed coverage of Northeast Bancorp with a rating of Overweight and set a new price target of $133.00
- PRNortheast Bank Reports Second Quarter Results and Declares DividendPORTLAND, Maine, Jan. 26, 2026 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based bank, today reported net income of $20.7 million, or $2.47 per diluted common share, for the quarter ended December 31, 2025, compared to net income of $22.4 million, or $2.74 per diluted common share, for the quarter ended December 31, 2024. Net income for the six months ended December 31, 2025 was $43.3 million, or $5.14 per diluted common share, compared to $39.5 million, or $4.85 per diluted common share, for the six months ended December 31, 2024. The Board of Directors declared a cash dividend of $0.01 per share, payable on February 25, 2026, to shareholders of record as of Feb
- PRNortheast Bank Announces Dates for Fiscal 2026 Second Quarter Earnings Results and Conference CallPORTLAND, Maine, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based bank, announced today it will release its fiscal 2026 second quarter earnings results on Monday, January 26, 2026. Following the release, the Bank will host a conference call with a simultaneous webcast at 11:00 a.m. ET on Tuesday, January 27, 2026. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, Santino Delmolino, Chief Financial Officer, and Pat Dignan, Chief Operating Officer. To access the conference call by phone, please go to this link (Phone Registration), and you will be provided with dial in details. The call will be available via a l
- PRNortheast Bank Announces Significant Loan Purchase VolumePORTLAND, Maine, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN) announced today that since September 30, 2025, the Bank has purchased or entered into agreements to purchase commercial real estate loans in the aggregate amount of unpaid principal balance of approximately $525 million. Because the purchases will primarily close late in the quarter, the Bank anticipates there will be minimal impact on earnings for the second fiscal quarter of 2026. Discussing the purchase activity, Rick Wayne, Chief Executive Officer said, "This quarter's loan purchases rank as our third-highest volume since we started purchasing loans. This is a testament to our ability to capita
- PRNortheast Bank Reports First Quarter Results and Declares DividendPORTLAND, Maine, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based bank, today reported net income of $22.5 million, or $2.67 per diluted common share, for the quarter ended September 30, 2025, compared to net income of $17.1 million, or $2.11 per diluted common share, for the quarter ended September 30, 2024. The Board of Directors declared a cash dividend of $0.01 per share, payable on November 25, 2025, to shareholders of record as of November 11, 2025. "We delivered solid results this quarter, reflecting the underlying strength of our franchise and the quality of our people," said Rick Wayne, Chief Executive Officer. "We are reporting earnings
- PRNortheast Bank Announces Dates for Fiscal 2026 First Quarter Earnings Results and Conference CallPORTLAND, Maine, Oct. 20, 2025 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based bank, announced today it will release its fiscal 2026 first quarter earnings results on Tuesday, October 28, 2025. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Wednesday, October 29, 2025. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, Richard Cohen, Chief Financial Officer, Santino Delmolino, Corporate Controller and Pat Dignan, Chief Operating Officer. To access the conference call by phone, please go to this link (Phone Registration), and you will be provided with dial in detai
- PRNortheast Bank Announces CFO Transition; Richard Cohen Stepping Down to Pursue New Opportunities, Effective October 31, 2025; Santino Delmolino Appointed CFO, Effective October 31, 2025PORTLAND, Maine, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank" or "Northeast") (NASDAQ:NBN), a Maine-based bank, announced that Richard Cohen has informed the Bank that he will step down as Chief Financial Officer to pursue other opportunities. Mr. Cohen will continue in his role through October 31, 2025. Santino Delmolino, who currently serves as the Corporate Controller of the Bank, will assume the role of CFO, effective October 31, 2025. "Richard has been a remarkable leader throughout his tenure at Northeast, helping to position our bank for the future," said Rick Wayne, President and Chief Executive Officer of the Bank. "Richard has led a very talented finance tea
- PRNortheast Bank Reports Fourth Quarter Results and Declares DividendPORTLAND, Maine, July 28, 2025 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based bank, today reported net income of $25.2 million, or $3.00 per diluted common share, for the quarter ended June 30, 2025, compared to net income of $15.1 million, or $1.91 per diluted common share, for the quarter ended June 30, 2024. Net income for the year ended June 30, 2025 was $83.4 million, or $10.08 per diluted common share, compared to $58.2 million, or $7.58 per diluted common share, for the year ended June 30, 2024. The Board of Directors declared a cash dividend of $0.01 per share, payable on October 9, 2025, to shareholders of record as of September 25, 2025. "I am pleas
- PRNortheast Bank Announces New Date for Fiscal 2025 Fourth Quarter Earnings Conference CallPORTLAND, Maine, July 25, 2025 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based bank, announced today that the Bank will host a conference call with a simultaneous webcast at 1:00 p.m. ET on Tuesday, July 29, 2025 to discuss the Bank's fiscal 2025 fourth quarter earnings. This conference call was previously announced as occurring on July 31, 2025. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, Richard Cohen, Chief Financial Officer, and Pat Dignan, Chief Operating Officer. The Bank will release its fiscal 2025 fourth quarter earnings results on Monday, July 28, 2025 as previously announced. To access the conference call
- PRNortheast Bank Announces Dates for Fiscal 2025 Fourth Quarter Earnings Results and Conference CallPORTLAND, Maine, July 23, 2025 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based bank, announced today it will release its fiscal 2025 fourth quarter earnings results on Monday, July 28, 2025. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Thursday, July 31, 2025. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, Richard Cohen, Chief Financial Officer, and Pat Dignan, Chief Operating Officer. To access the conference call by phone, please go to this link (Phone Registration), and you will be provided with dial in details. The call will be available via a live webca
- PRNortheast Bank Reports Third Quarter Results and Declares DividendPORTLAND, Maine, April 29, 2025 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based bank, today reported net income of $18.7 million, or $2.23 per diluted common share, for the quarter ended March 31, 2025, compared to net income of $13.9 million, or $1.83 per diluted common share, for the quarter ended March 31, 2024. Net income for the nine months ended March 31, 2025 was $58.2 million, or $7.07 per diluted common share, compared to $43.1 million, or $5.67 per diluted common share, for the nine months ended March 31, 2024. The Board of Directors declared a cash dividend of $0.01 per share, payable on May 27, 2025, to shareholders of record as of May 13, 2025. "W
- PRNortheast Bank Announces Dates for Fiscal 2025 Third Quarter Earnings Results and Conference CallPORTLAND, Maine, April 24, 2025 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based bank, announced today it will release its fiscal 2025 third quarter earnings results on Tuesday, April 29, 2025. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Wednesday, April 30, 2025. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, Richard Cohen, Chief Financial Officer, and Pat Dignan, Chief Operating Officer. To access the conference call by phone, please go to this link (Phone Registration), and you will be provided with dial in details. The call will be available via a live w
- PRNortheast Bank Reports Second Quarter Results and Declares DividendPORTLAND, Maine, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based full-service bank, today reported net income of $22.4 million, or $2.74 per diluted common share, for the quarter ended December 31, 2024, compared to net income of $14.1 million, or $1.85 per diluted common share, for the quarter ended December 31, 2023. Net income for the six months ended December 31, 2024 was $39.5 million, or $4.85 per diluted common share, compared to $29.2 million, or $3.86 per diluted common share, for the six months ended December 31, 2023. The Board of Directors declared a cash dividend of $0.01 per share, payable on March 4, 2025, to shareholders of record
- PRNortheast Bank Announces Dates for Fiscal 2025 Second Quarter Earnings Results and Conference CallPORTLAND, Maine, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based full-service bank, announced today it will release its fiscal 2025 second quarter earnings results on Thursday, February 6, 2025. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Friday, February 7, 2025. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, Richard Cohen, Chief Financial Officer, and Pat Dignan, Chief Operating Officer. To access the conference call by phone, please go to this link (Phone Registration), and you will be provided with dial in details. The call will be avail
- PRNortheast Bank Announces Commencement of At-the-Market Offering of Voting Common StockPORTLAND, Maine, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN) announced today that it has entered into an equity distribution agreement with Piper Sandler & Co. ("Piper Sandler") and Keefe, Bruyette & Woods, Inc. ("KBW") for the offer and sale from time to time of shares of its voting common stock having an aggregate offering price of up to $75,000,000.00 (the "Shares") in an at-the-market offering. All of the Shares to be sold in the offering will be offered by the Bank. The Bank intends to use the net proceeds from the offering for general corporate purposes, including the support of additional growth. The Shares will be offered through Piper Sandler and K
- ANALYSTKeefe Bruyette initiated coverage on Northeast Bancorp with a new price targetKeefe Bruyette initiated coverage of Northeast Bancorp with a rating of Mkt Perform and set a new price target of $102.00
- PRNortheast Bank Reports First Quarter Results and Declares DividendPORTLAND, Maine, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based full-service bank, today reported net income of $17.1 million, or $2.11 per diluted common share, for the quarter ended September 30, 2024, compared to net income of $15.2 million, or $2.01 per diluted common share, for the quarter ended September 30, 2023. The Board of Directors declared a cash dividend of $0.01 per share, payable on November 26, 2024, to shareholders of record as of November 12, 2024. "With $859.8 million of loan generation from our National Lending Division, we had our second largest quarterly loan volume in the Bank's history, consisting of $732.9 million of pur
- PRNortheast Bank Announces Dates for Fiscal 2025 First Quarter Earnings Results and Conference CallPORTLAND, Maine, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based full-service bank, announced today it will release its fiscal 2025 first quarter earnings results on Tuesday, October 29, 2024. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Wednesday, October 30, 2024. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, Richard Cohen, Chief Financial Officer, and Pat Dignan, Chief Operating Officer. To access the conference call by phone, please go to this link (Phone Registration), and you will be provided with dial in details. The call will be availa
- PRNortheast Bank Announces Significant Loan Purchase VolumePORTLAND, Maine, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN) announced today that since June 30, 2024, the Bank has purchased primarily commercial real estate loans in the amount of unpaid principal balance of $805 million. Because the purchases closed primarily late in the quarter, there will be minimal impact on earnings for the first fiscal quarter of 2025. The Bank has funded and intends to fund the purchase of these loans primarily relying on brokered deposits and Federal Home Loan Bank advances. Discussing the purchases, Rick Wayne, Chief Executive Officer said, "We are very pleased with this quarter's purchased loan activity, which represents the se
- ANALYSTPiper Sandler resumed coverage on Northeast Bancorp with a new price targetPiper Sandler resumed coverage of Northeast Bancorp with a rating of Overweight and set a new price target of $80.00
- PRNortheast Bank Reports Fourth Quarter Results and Declares DividendPORTLAND, Maine, July 29, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based full-service bank, today reported net income of $15.1 million, or $1.91 per diluted common share, for the quarter ended June 30, 2024, compared to net income of $12.1 million, or $1.61 per diluted common share, for the quarter ended June 30, 2023. Net income for the year ended June 30, 2024 was $58.2 million, or $7.58 per diluted common share, compared to $44.2 million, or $5.96 per diluted common share, for the year ended June 30, 2023. The Board of Directors declared a cash dividend of $0.01 per share, payable on August 23, 2024, to shareholders of record as of August 9, 2024. "We
- PRNortheast Bank Announces Dates for Fiscal 2024 Fourth Quarter Earnings Results and Conference CallPORTLAND, Maine, July 24, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based full-service bank, announced today it will release its fiscal 2024 fourth quarter earnings results on Monday, July 29, 2024. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Thursday, August 1, 2024. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, Richard Cohen, Chief Financial Officer, and Pat Dignan, Chief Operating Officer. To access the conference call by phone, please go to this link (Phone Registration), and you will be provided with dial in details. The call will be available vi
- NEWSNortheast Bank Q3 2024 GAAP EPS $1.83 Beats $1.72 Estimate, Sales $38.054M Beat $36.340M EstimateNortheast Bank (NASDAQ:NBN) reported quarterly earnings of $1.83 per share which beat the analyst consensus estimate of $1.72 by 6.4 percent. This is a 8.28 percent increase over earnings of $1.69 per share from the same period last year. The company reported quarterly sales of $38.054 million which beat the analyst consensus estimate of $36.340 million by 4.72 percent. This is a 13.84 percent increase over sales of $33.427 million the same period last year.
- PRNortheast Bank Reports Third Quarter Results and Declares DividendPORTLAND, Maine, April 30, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based full-service bank, today reported net income of $13.9 million, or $1.83 per diluted common share, for the quarter ended March 31, 2024, compared to net income of $12.5 million, or $1.69 per diluted common share, for the quarter ended March 31, 2023. Net income for the nine months ended March 31, 2024 was $43.1 million, or $5.67 per diluted common share, compared to $32.1 million, or $4.35 per diluted common share, for the nine months ended March 31, 2023. The Board of Directors declared a cash dividend of $0.01 per share, payable on May 27, 2024, to shareholders of record as of May